Comment on It’s rarely been harder for people to find new jobs
thatkomputerkat@lemmy.blahaj.zone 2 weeks ago
“The unemployment rate is low by historical standards…”
What if I told you the unemployment rate is a bullshit number tracked by bullshit people with bullshit jobs?
The only people counted as unemployed are those who both check in regularly with unemployment and either are actively looking for work or expecting to be rehired after layoffs.
Lyrl@lemmy.dbzer0.com 2 weeks ago
A common misconception. Below quotes are from www.bls.gov/cps/cps_htgm.htm, bolding mine. Also, the BLS report has six different measures of unemployment counting various different groups. The “headline number” of U3 counts only people actively looking for work, but other measures count people who want jobs but aren’t looking and people who work part time but want to be full time. Labor force participation is also in there, counting people even if they don’t want to find a job. It’s all reported!
thatkomputerkat@lemmy.blahaj.zone 2 weeks ago
I have no confidence in these kinds of surveys. How Are people contacted? What kind of person trusts the purpose of these surveys? I couldn’t find anything in that mountain of text saying how they contact these people. Do you know how many people don’t pick up the phone anymore? Do they only call landlines? Do they mail it out?
Lyrl@lemmy.dbzer0.com 2 weeks ago
The survey design and data collection are described at www.bls.gov/opub/hom/cps/design.htm and www.bls.gov/opub/hom/cps/data.htm
Some excerpts: